Financial Support for University Students

Financial Support for University Students

Investing in your future doesn’t have to cost the earth – in fact by studying a University of Central Lancashire (UCLan) degree at Runshaw College, you’ll not only have access to an outstanding education, you’ll also be able to reduce the cost of your university studies.

Full-Time Fees

The tuition fee for full-time courses from September 2017 starts from £6,000 per year. This may sound a large amount, but remember there are NO fees to pay upfront and you may apply for a student loan to cover the cost of your tuition fees.

Student Loans

Two types of loan are available:

a Tuition Fee Loan

a Maintenance Loan – to help towards accommodation and other living costs.

Tuition Fee Loans don’t have to be paid back until you have completed your course and are earning more than £21,000 a year.

To receive a Tuition Fee Loan and/or Maintenance Loan you must comply with nationality and residency conditions, age rules and previous study rules.

You will need to register and complete an on-line application. 31 May 2017 is the deadline for applying for your student finance and you do not need to have a confirmed university place to apply; you can enter your first choice of course, which can be updated easily at a later date. For more information and to apply visit www.gov.uk/studentfinance

Part-Time Fees

Part-time courses are typically classed as those involving seven hours of study or less per week and are made up of four modules per year. Eligible part-time students are able to apply for a non means-tested loan to cover the full cost of tuition fees. This means there are no fees to pay up front as you won’t start making repayments until at least four years after commencing your studies, and only once you are earning over £21,000.

To receive student finance you must comply with nationality and residency conditions, age rules and previous study rules. For more information visit www.direct.gov.uk/studentfinance

Other Support for University Students

Several other support packages are available depending upon your circumstances. These include:

Disabled Students’ Allowance (DSA) – providing extra financial help if you have a disability, ongoing health condition, mental health condition or specific learning difficulty, such as dyslexia. This is a non-repayable grant and the amount you will receive depends upon the type of extra help needed, not on household income.

Further Information

Repayment Calculator

If you are thinking about applying for a student loan why not try the Student Finance Calculator to give you an idea of how much financial support you may receive. Student finance calculator

It is your responsibility to thoroughly investigate whether you are eligible for financial support before you enrol. To receive student finance you must comply with nationality and residency conditions, age rules and previous study rules.

Student Finance England Twitter

Keep up to date with news and answers to frequently asked questions by following their Twitter account.